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have been -- has been to use the middle class tax cuts as leverage to try and extract these super big tax breaks for very wealthy individuals, including now their focus on trying to get 7,200 estates, an average tax break of 1.2 million. this is the top fraction of 1% of the super wealthiest estates, inheritance taxes in the country. they apparently want to put more silver spoons in more people's mouths and provide this big break. again, the sorry part of the story is they're using the middle class to extract these concessions for very wealthy individuals. >> at this late hour, are we going to be dealing with that level of negotiation? is it more the big picture stuff? for example, what would the number be in terms of whose rate would stay the same, whose would go up, $250,000, $400,000, $500,000. are we looking at bigger generalities if we're going to get this done in the next 30 hours? >> that's certainly part of it, where the threshold would be. but this estate tax represents about $140 billion. that's not a trivial amount. republicans proposed increasing the burden on medicare ben
the key is whether the speaker will be the speaker of the entire house and let the matters come before us where there could be a majority of democrats and perhaps a majority of republicans, but let es speak our will and act on our will. that's really one of the keys. i think if the senate bill or what was in it were brought before the house, keeping the middle-class tax cuts, but not those for the upper income, and making sure the alternative minimum tax did not go into effect -- i think it would pass with a coalition. and i think the same could be true of unemployment insurance. 2 million people will lose their federal benefits tomorrow, if we don't have. 2 million people. >> when we snowe the fiscal cliff was imposed as a stopgap on you and all of your colleagues on the hill, are you disappointed that you've had to see it come down to the wire like this? this is basically a self-designed fiscal nightmare that you and all of your colleagues have created. are you disappointed that we haven't been ability to get it together more? >> absolutely. it shouldn't happen this way, but the republi
he met with jack and the rest of the team and i hope you get the same sense and commitment from us as we engage with you. there aren't a lot of wall flowers in here, we're eager for a two-way exchange nonetheless and hopefully your takeaway will be a useful purpose in the dialogue so i'm shortening up my speech significantly so mr. president, thank you again for joining us today, we'd love to hear from you. [ applause ] >> well, good morning, everybody. it is great to see awful you. many of you have had a chance to see individually or in small groups over the last several months but it's good to be back at the business roundtable. jim, thanks for your leadership. originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say, but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and spend most of our time just having a conversation. let me begin by saying that all of you in this room are not just business leaders, not just ceos of your
don't want us to lose the hurt and the anger that we feel now and our resolve to do something. >> joining me with the very latest on the investigation is nbc news justice correspondent, pete williams. pete, where are connecticut state police focusing today as they try to uncover more behind the reasons of adam lanza? >> well, there's a huge wide range of what they're doing, thomas. they're interviewing witnesses still. they haven't even gotten to interviewing the children yet. that's going to be a very difficult process to do, very delicate one is the way they described it. there were two adult survivors. they have the history of the weapons, the history of the ammunition, all of that to look at. now, the hopes were fairly high that they might have a breakthrough with adam lanza's computer that was at his mother's home at the scene where he shot his mother before this all began. but there's some pessimism about that now because he damaged the computer, took the hard drive out of the computer, damaged that further. they knew that when they got it. they thought well, you know, m
packages. gun control probably will be on the table and the gun lobby will get used to it. i was surprised that the nra didn't give up some small concession. it seemed they might so they could be a player in the debate. of course, they doubled down as you said. i think we will see a lot more discussion next year. it is not going to fade because the president has made it a priority going into january. >> it is interesting because republicans and conservatives have been taking a step away from their stance on guns. back in 1995 three weeks after the oklahoma city bombing former president george h bush resigned as agents were called jackbooted thugs. do you think that other lawmakers will take bold steps away from the nra or stay put? >> in a word, no. as a matter of fact i think those who have made steps away from the nra will probably make bold steps back to the nra because they know it is the politicly expedient thing to do. we have a continuation of the massacres that occur periodically in this country and nobody seems to be willing to do anything. even if they come up with another assaul
house are using words like stalemate, impas, radical and scrooge. we'll go behind the silly terms of the debate and also take you through all the sticking points holding back that will do one-by-one over the next three hours. we start today with the very latest move by democratic leader nancy pelosi who is threatening a power play move to force a vote on extending middle class tax cuts. this morning, president obama also pushed away republican senator orrin hatch called his proposal, radical. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the we weltmist americans. >> what he proposed this week is a classic bait and switch on the american people. a tax increase doubled the size of what he campaigned on. >> joining me now nbc news white house correspondent mike viqueira. mike, let's talk about this thing. this is the time the lawmakers are breaking out the rule book to find some tricks. how does pelosi think she can force a vote on middle class tax cuts? >> it's funny, craig, the presi
Search Results 0 to 6 of about 7 (some duplicates have been removed)